We Soda

New York, NY Mining & energyNAICS 212390

Self-funded health planPlan year 2025Renews January
1,456ParticipantsFirst year on file
$3.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 1Mining & energy in NYBy participants

Overview

We Soda sponsors a self-funded health plan that covered 1,456 participants in plan year 2025. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,456
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
We Soda Health and Welfare Plan, plan 504 (1,456 participants)
Broker compensation
$48K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityOther welfare benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
Prudential Insurance Company of AmericaLife, Long-term disability1,434$592K$48K
Delta Dental of PennsylvaniaDental613$533K—
Vision Service PlanVision880$68K—

Pharmacy benefit estimate

StreamRX estimate for a plan this size. Not based on this plan's claims.

$3.5M/ year

Estimated prescription spend: 1,456 participants × $2,371 national average per member. Usually higher once dependents are counted.

$90K–$221K/ year

Typical savings opportunity found in independent reviews of plans this size.

Brands with a generic available$26K–$66K
Lower-cost therapeutic alternatives$38K–$80K
Generic pricing vs. actual cost$17K–$50K
PBM contract terms$9K–$26K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
We Soda
Sponsor EIN
47-2173866
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 47-2173866 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
We Soda Alkali LLC Savings Investment Plan
Type
401(k) plan
Participants
1,193

About this data

Source: We Soda's Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with We Soda.

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